58-30,106 Minimum requirements of seller’s or landlord’s agent.
58-30,106. Minimum requirements of seller’s or landlord’s agent. (a) A seller’s agent or a landlord’s agent shall be a statutory agent with the duty and obligation to: (1) Perform the terms of the written agreement made with the client; (2) promote the interests of the client with the utmost good faith, loyalty and fidelity, including: […]
58-30,107 Minimum requirements of buyer’s or tenant’s agent.
58-30,107. Minimum requirements of buyer’s or tenant’s agent. (a) A buyer’s or a tenant’s agent shall be a statutory agent with the duty and obligation to: (1) Perform the terms of the written agreement made with the client; (2) promote the interests of the client with the utmost good faith, loyalty and fidelity, including: (A) […]
58-30,109 Brokerage firm acting as a transaction broker; affiliated licensees; designated agents; rules and regulations.
58-30,109. Brokerage firm acting as a transaction broker; affiliated licensees; designated agents; rules and regulations. (a) In the absence of designated agents appointed pursuant to subsection (b), a brokerage firm may act as a transaction broker pursuant to K.S.A. 58-30,113, and amendments thereto, on an in-house transaction with the informed consent of the seller client […]
58-30,110 Real estate brokerage relationships.
58-30,110. Real estate brokerage relationships. (a) (1) The commission shall adopt a rule and regulation prescribing language which describes a seller’s agent, a buyer’s agent and a transaction broker for inclusion in a brochure entitled “real estate brokerage relationships”. (2) Except as provided in subsection (a)(3), a licensee shall furnish a prospective buyer or seller […]
58-30,111 Imputed knowledge.
58-30,111. Imputed knowledge. (a) A client or customer shall not be liable for a misrepresentation or omission by the client’s statutory agent or the transaction broker arising out of the agency or transaction broker agreement unless the client or customer knew of the misrepresentation or omission. (b) A statutory agent or transaction broker shall not […]
58-30,112 Forms; rules and regulations.
58-30,112. Forms; rules and regulations. The commission shall provide sample forms of agency agreements and, by rules and regulations, provide such other prohibitions, limitations and conditions relating thereto as the commission may prescribe. History: L. 1995, ch. 252, § 12; Revived, L. 1997, ch. 65, § 43; L. 1997, ch. 65, § 44; Oct. 1.
58-30,113 Transaction broker; obligations of; disclosure of information.
58-30,113. Transaction broker; obligations of; disclosure of information. (a) A broker engaged as a transaction broker shall not act as an agent for either party. (b) A transaction broker shall have the following obligations and responsibilities: (1) To perform the terms of any written or oral agreement made with any party to the transaction; (2) […]
58-3073 Same; unlawful acts; penalty.
58-3073. Same; unlawful acts; penalty. It shall be unlawful for any person or such person’s agent to file with the commission any statement or other document, required under the provisions of K.S.A. 58-3066 to 58-3071, inclusive, and amendments of such sections, which is false or untrue or contains any material misstatement of fact. Violation of […]
58-30,102 Definitions.
58-30,102. Definitions. As used in the brokerage relationships in real estate transactions act, unless the context otherwise requires: (a) “Affiliated licensee” means any individual licensed as a salesperson or broker under the Kansas real estate brokers’ and salespersons’ license act who is employed by a broker or affiliated with a broker as an independent contractor. […]
58-3074 Disposition of moneys received by commission; real estate fee fund.
58-3074. Disposition of moneys received by commission; real estate fee fund. (a) Except as provided by subsections (b) and (c), the director of the commission shall remit all moneys received by or for the director from fees, charges or penalties to the state treasurer in accordance with the provisions of K.S.A. 75-4215, and amendments thereto. […]